china life insurance co-a (601628) Related Businessweek News

china life insurance co-a (601628) Details

China Life Insurance Company Limited, together with its subsidiaries, operates as a life insurance company in China. The company’s Individual Life Insurance Business segment sells long-term life insurance and universal life contracts, including term life, whole life, endowment, and annuity products to individuals. Its Group Life Insurance Business segment offers insurance contracts and investment contracts, such as term life, whole life, and annuity products to group entities. The company’s Short-Term Insurance Business segment provides short-term insurance contracts, including short-term accident and health insurance contracts. Its Supplementary Major Medical Insurance Business segment sells supplementary major medical insurance contracts to urban and rural residents. China Life Insurance Company Limited offers its products through agents, direct sales representatives, dedicated and non-dedicated agencies, and intermediary bancassurance outlets. The company was founded in 1949 and is headquartered in Beijing, China. China Life Insurance Company Limited is a subsidiary of China Life Insurance (Group) Company.

china life insurance co-a (601628) Key Developments

China Life Insurance Co. Ltd. reported premium results for the month of Jan. 2015. The company reported accumulated premium income for the period from 1 January 2015 to 31 January 2015 of about RMB 85.9 billion.

China Life Insurance Co. Ltd. announced that based on the preliminary estimates, it is estimated that the net profit attributable to equity holders of the company for the year 2014 may increase by approximately 30% as compared to the net profit attributable to equity holders of the company for the year 2013. The estimated increase in the results for the year 2014 is mainly attributable to the increase in investment income.

China Life Announces Unaudited Consolidated Earnings Results for the Year 2014

Jan 21 15

China Life announced unaudited consolidated earnings results for the year 2014. The company reported income was CNY 539 billion growing 8% year on year and consolidated premium income reached CNY 408.2 billion.

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